 |
- Current Rates:
As of April 30th, 2008
Rates Are Subject to change without notice
Savings
|
Type of Account |
Dividend
Rate |
Annual Percentage Yield |
Other Information |
|
Share |
.50% |
.50% |
$25.00 Minimum Balance |
|
Club |
.50% |
.50% |
No Minimum Balance |
|
Member Checking |
.15% |
.15% |
No Minimum Balance |
|
Member Plus Checking |
.50% |
.50% |
$500 Minimum Balance |
|
IRA < $10,000 |
1.20% |
1.21% |
|
|
IRA > $10,000 |
1.45% |
1.46% |
|
|
Tiered Money Market Account |
|
|
|
|
Equal to or less than
$20,000 |
1.50% |
1.51% |
$1000
Minimum Balance |
|
Greater than $20,000 |
1.75% |
1.76% |
$1000
Minimum Balance |
|
Certificate of Deposit |
|
|
|
|
6 months |
2.75%
|
2.78%
|
$1000 Minimum Balance |
|
1 yr |
2.85%
|
2.88%
|
$1000
Minimum Balance |
| 15 months |
2.85% |
2.88% |
$1000
Minimum Balance |
| 2 yrs |
3.00% |
3.04% |
$1000 Minimum Balance |
|
3 yrs |
3.20%
|
3.25%
|
$1000
Minimum Balance |
|
4 yrs |
3.40%
|
3.45%
|
$1000
Minimum Balance |
|
5 yrs |
3.50%
|
3.55% |
$1000
Minimum Balance |
|
IRA Certificate of Deposit |
|
|
|
|
6 months |
2.75%
|
2.78%
|
$1000
Minimum Balance |
|
1 yr |
2.85%
|
2.88%
|
$1000
Minimum Balance |
|
2 yrs |
3.00%
|
3.04%
|
$1000
Minimum Balance |
|
3 yrs |
3.20%
|
3.25%
|
$1000
Minimum Balance |
|
4 yrs |
3.40%
|
3.45%
|
$1000
Minimum Balance |
|
5 yrs |
3.50%
|
3.55% |
$1000
Minimum Balance |
Monty Moose
(Children's Savings Account) |
.50% |
.50% |
$5
Minimum Balance |
| Take Charge (Teen Program) |
.50% |
.50% |
$5
Minimum Balance |
Monty
Moose & Take Charge Certificates are also
available. Minimum Balance is $500. Rates and Terms are same as those stated
above.
Account Service Fees
Share (Savings) Account Fees
- Dormant Accounts under the minimum balance of $25.00 will be subject to a $5.00 per month service fee.
- If minimum balance is not met $5.00 per month Share Accounts closed within 6 months of opening will be charged a $15.00 fee.
Share Draft (Checking)
- Monthly Service Charge $1.00 per month
- Member Plus Checking No Monthly Fees
- NSF Fee $20.00 per item
- Member Privilege fee $20.00 per item
- Debit Card NSF fee $20.00 per item
- Overdraft Transfer Fee $5.00 per item
- Copy of Share Draft Fee $3.00 per item
(Rush-$7.00 per item)
- Check Printing Fee prices may vary depending on style
Business Checking
- Monthly Service Charge $6.00
- Over 50 items cleared per month $0.20
IRA Fees
- IRA New Account $5.00
- IRA Annual Fee $8.00
- IRA Close/Transfer $25.00
Other Service Fees (applicable to all accounts)
- Account Reconciliation $15.00 per hour
- Account Research $15.00 per hour
- Statement Copy Fee $5.00 per copy
- Deposited Item Return Fee $5.00 per item
- Wire Transfer Fee
Outgoing $15.00 per transfer
International $30.00 per transfer
- Western Union Quick Cash $18.00 each
- Money Order Fee $1.00 each
- Money Order Copy $5.00 each
- Stop Payment Request Fee $18.00 per request
- Current History $2.00
- Corporate Draft Copy $10.00 each
- Photocopies $0.25 per copy
- Phone Transfer Fee $2.00 (unless Online Access is not available)
Electronic Funds Transfer Fees (NEACH)
- ACH NSF Fee $20.00 per item
- Member Privilege ACH Fee $20.00 per item
- ACH Stop Payment Request $20.00 per item
- Midcoast owned ATM FREE
- Nonproprietary ATMs $1.00
- ATM Withdrawals Four (4) FREE per month
- Teller-Phone FREE
Midcoast Federal Credit Union is a member of Surf (Surcharge-free ATM Credit Union Alliance). The rates and yields appearing in the Rate and Fee Schedule are accurate and effective as of today's date. If you have any questions or require current rate information on your accounts, please call Midcoast Federal Credit Union.
Loans
Estimated Loan Payment Examples:
AMOUNT
BORROWED |
@ |
RATE |
for TERM |
= |
MONTHLY
PAYMENT |
| $20,000.00 |
@ |
5.70% |
for 60 months |
= |
$384 |
| $15,000.00 |
@ |
5.70% |
for 48 months |
= |
$351 |
| $8,000.00 |
@ |
9.95% |
for 60 months |
= |
$170 |
| $5,000.00 |
@ |
13.90% |
for 36 months |
= |
$171 |
| $3,000.00 |
@ |
12.90% |
for 24 months |
= |
$143 |
|
|
